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Important Banking Awareness Questions and Answers
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Important Banking Awareness Questions and Answers
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25 Questions

1. What is the expand term of FLCC?

2. Which is a measure taken by Reserve Bank of India to control inflation in our country?

3. Many a time we read a term -˜PPP-™ in financial dailies/magazines. What is the full form of the same as used in financial world?

4. Which is a Credit Card Association?

5. Which instrument cannot be transferred from one person to another by endorsement?

6. What is the Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as?

7. Which is -˜material alteration-™ of a negotiable instrument?

8. While investing in mutual funds we come across a term called NAV. What is the meaning of NAV?

9. Many times we read a term CBS used in banking operation. What is the full form of the letter -˜C in the term -˜CBS-™ ?

10. Which loan constitutes the largest percentage of Retail loans in India?

11. Whose signature is found on a 50 rupee currency note in India?

12. What is the name of cheque when a bank returns unpaid?

13. What is money laundering?

14. What is the maximum period for which domestic term deposits are normally accepted by banks in our country?

15. Fiscal policy in India is formulated by which ministry?

16. Many times we read the term -˜ECB-™ in newspapers. What is the full form of -˜ECB-™ ?

17. Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of which citizens?

18. Interest payable on savings bank accounts is regulated by which bank?

19. Why does depreciation of an asset occur?

20. Cash Reserve Ratio (CRR) and Statutory-™ Liquidity Ratio (SLR) are terms most closely related to which of the following industry/ market?

21. Which asset can be mortgaged?

22. When a banker talks about CDR what is he talking about?

23. Many a times we read in the news paper about CASA deposits of banks. CASA what are deposits?

24. Which state became the first state in the country to launch RBI-™s e-payment system for commercial tax payers?

25. What does the letter -˜L-™ stands for in the term LAF commonly used in financial/economic news?

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